Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. To guarantee your business’s success in the modern supply chain, you need to understand a few things about analytics in distribution and manufacturing. How Are Analytics in Distribution and Manufacturing Being Used?

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

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Distribution Management: Top 6 Factors That Influence Distribution Management Strategy

BR Williams Supply Chain Management

What is Distribution Management? Distribution management includes forecasting, transportation, warehousing, and delivery within the larger universe of logistics and supply chain management. Distribution management is an integral part of logistics. What is Distribution Management?

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. Data availability and advanced analytics are also shaping the industry by providing new insights into efficient manufacturing processes. It then uses this model to understand the impact of demand forecasting on inventory.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

What is the Vaccine Distribution Supply Chain? The ultimate goal is to ensure the uninterrupted availability of quality vaccines from manufacturer to service-delivery levels, so that opportunities to vaccinate are not missed because vaccines are unavailable.” Subscribe Here!

Pharmaceutical Manufacturers are Focusing on Direct-to-Patient Distribution

DynaSys

Traditionally manufacturers have relied on wholesalers because of their ability to navigate regional complexities and their capacity to gain access into the market. This is just one link in a long chain of organizations involved in the distribution process which also includes pharmacies and pharmacy benefits managers (PBM). This process has led to many inefficiencies and inflated costs leaving branded drug manufacturers struggling to compete with generic alternatives.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

12 Distribution Center Best Practices You Need to Implement Today

Cerasis

You know better than anybody that the layman would probably never believe how complicated distribution center management can be. Below are 12 distribution center best practices and other ideas to help you look for ways to make your operations and work environment sing like the well-oiled machines they are. . Order picking and distribution of any kind is a time-sensitive business, but when workers feel rushed, corners get cut —?and Who manufactures the skids you use each day?

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. Inventory management is a hot issue. What Drives Inventory Effectiveness?

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization.

Challenging Economic Conditions for Manufacturing and Distribution

AIT SureShip

The exponential success of supply chain giants is causing distributors and manufacturers alike, to evolve their business models to accommodate mixed mode transactions. For example, a manufacturing organization would add services and/or distribution to their offering. Many enterprise resource planning (ERP) systems are one step behind; they’re designed for one vertical (manufacturing vs. distribution vs. service).

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” As supply chain complexity and competition escalate, so do related manufacturing challenges. Excess and obsolete inventory. Cited: 2018 KPMG Global Manufacturing Outlook study.

How to run a successful distribution business in Indonesia

Vinculum

Distribution can be categorized into few of the most essential businesses in Indonesia that conduct activities such as wholesale, import, export, and retail in the entire process. Elements such as transportation, packaging, and delivery are included in the procedure of distribution.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

The shape of a supply chain distribution network

Kinaxis

by Iman Niroomand Today, I’d like to discuss distribution networks shapes. A distribution network is a channel that a company uses to get its products from the manufacturer to the end customer. The shape of this distribution network could vary from a small and simple size network to very complicated networks such as power grid network. Among these factors, response time gets higher weight in establishing the distribution shape.

A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels

CHAINalytics

Determining the impact of manufacturing and distribution network changes on inventory levels, and the storage space that inventory will require, is a key function of supply chain network design. But, knowing exactly what you are optimizing though is essential to getting the … The post A Better Approach for Changing Your Supply Chain Network and Balancing Inventory Levels appeared first on Chainalytics.

Inventory Management Beyond the Mystery (Ebook)

Supply Chain Game Changer

Inventory is everywhere you look. Everyone and every company has inventory of some kind or another. In your cupboards and closets, attics and basements at home you have an inventory of goods. Inventory makes the world go around. Subscribe Here! Email Address.

eBook 77

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Unfortunately, this includes all possible processes, data collection points, and inbound to manufacturing areas.

DiManEx partners with Wipro to offer Distributed Manufacturing Services

DiManEx

Utrecht, the Netherlands – March 13, 2018: DiManEx, a cloud-based, end-to-end service provider for distributed 3D manufacturing, today announced a strategic partnership with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company. We see an evolution in distributed manufacturing across OEMs, which plays a key role to solve the challenges faced in supply chain management today.

Transforming the manufacturing supply chain with MEIO

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft’s Bill Moffett and I collaborated on an introductory blog on MEIO for manufacturing businesses. On a much larger scale, manufacturers can forfeit working capital by keeping large amounts of inventory on hand to help satisfy wide-ranging customer demand. Successfully managing inventory is increasingly difficult.

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Recognize the Relationship Between Sales and Inventory.

Right Place, Right Time, on Time – How to be Inventive with Inventory

SYSPRO Smarter ERP

The global pandemic is forcing everyone to reassess their inventory management processes. The post Right Place, Right Time, on Time – How to be Inventive with Inventory appeared first on SYSPRO US. All Industries Distribution Manufacturing

Four ways Inventory Optimization can address tighter supply constraints

ToolsGroup

When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items. Multi-Echelon Inventory Optimization (MEIO) looks at the end-to-end supply chain to enable users to make more informed decisions about the location, amount and type of inventory. Inventory (both finished goods and materials) can then be allocated to more critical demand. Inventory OptimizationAs the (U.S.)

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

Wholesale Distribution: Any Way You Want It?

Logility

Recently, I was listening to Journey, another of my favorite groups, while reading about the current state of the Wholesale Distribution Industry. The wholesale distribution industry in the US alone includes about 420,000 establishments with combined annual sales of more than $8 trillion. Read More: Building a Profitable Wholesale Distribution Supply Chain . Optimize Your Inventory: Too much inventory leads to discounting, obsolescence and write-offs.

Omnichannel In Manufacturing: Why Manufacturers Are Following Retailers to an Omnichannel World

Cerasis

The application of omnichannel in manufacturing primarily focuses on the collaboration between suppliers, or vendors, and distributors. The Problem: Seamless Omnichannel Experiences Extend Beyond Retailer-Customer Relationships Keeping up with customers’ demands has natural implications for business-to-business sellers, including manufacturers. Manufacturers still using disjointed processes and operating in functional silos are unable to keep up with demand.

How Food Manufacturing Software Drives Profit [w Case Studies]

Unleashed

Effective inventory management is crucial to reducing costs in any manufacturing business. Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients.

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

Things can always be faster when you work in a warehouse or distribution center. Major players like Amazon and Walmart have distribution centers all over the world, pumping out packages at lightning speed. If you want to keep your customers satisfied, you need to keep things moving in your warehouse or distribution center. Go over your inventory and rate your products based on how often your employees need to retrieve them. Use Inventory Management Software.

ERP: What is the Value to Your Manufacturing Business?

SYSPRO Smarter ERP

At a fundamental level, ERP brings together customer management, human resources, business intelligence, financial management, inventory, and supply chain […]. The post ERP: What is the Value to Your Manufacturing Business? All Industries Distribution Manufacturing

Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

Cerasis

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . What is Manufacturing?

Manufacturers Should Focus on This Most Critical Component for Manufacturing Operations Excellence

Cerasis

We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? What is the most important part of manufacturing? The most important resource in manufacturing is people.